Forum Archive Index - August 2001

["Richard Hooper" <hoop@ihug.co.nz>]

Hi chatters
my 1st post for a few months
Hi Ben ,still been reading all the e-mail from everyone ,
 Sharechat is huge and getting even better.
 Sounds like most investors are making a tidy profit , I`m up 30 +% this
year,  :)) { invest in NZ stocks only} makes up the loss last year and +.
The NZ market it seems is the place to be this year. It is the start of the
reporting season and NZ companies on average to date seem to be doing rather
well . Goooooooo NZ   .  You investors outside NZ are missing a boom down
under ,  US investors in negative territory.... think NZ not USA  :)))
Sorry RIP  It seems u went to the wrong country, It`s all happening down
under,or should I say down udder :)).

Outside the top 2  Telecom  Carter Holt  heavyweights  which are not going
anywhere ( 1/3 of Nzse40 index)
the rest are huge.
Hoop
PS  Not spamming ( its the truth )

----- Original Message -----
From: "Ben Dutton" <bendutton@sharechat.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, August 16, 2001 2:26 PM
Subject: Re: [sharechat] Wakefield Private Hospital Listing


> Hi Phil,
>
> Thanks for the post - great to have a perspective from someone who is very
> familiar with the industry .  Brain Gaynor also wrote about the float in
> yesterday's Herald - here's the link in case people missed it.  He regards
> the issue as slightly overpriced and gives his reasons why.
>
>
http://www.nzherald.co.nz/business/businessstorydisplay.cfm?storyID=207695&t
>
hesection=business&thesubsection=markets&thesecondsubsection=sharemarket&the
> tickercode=
>
> Still though, great to finally see a new issue hit the NZSE.  We're in the
> eighth month of the year and it is our first IPO...that's a bit
worrying...
>
> Best Regards
>
> Ben Dutton
>
> ----- Original Message -----
> From: "Philip Robinson" <robph639@student.otago.ac.nz>
> To: <sharechat@sharechat.co.nz>
> Sent: Thursday, August 16, 2001 10:50 AM
> Subject: [sharechat] Wakefield Private Hospital Listing
>
>
> >
> > Had a wee look since, this is one thing, maybe the only thing that I can
> > say I have some idea about the business on. Revenues look good, but the
> > NPAT is a little variable, depending I expect on district health board
> > surgical contracts, they have ACC contracts as well. They do a
significant
> > amount of work for the DHB and this is relatively dependable, as the DHB
> > isn't going to get a whole lot of cash or surgeons any time soon.
> >
> > There is a good holding by the professionals who utilise the facility,
> > which is always a good sign as far as business goes, and referrals.
> > Interesting though, as you wonder, when you are referred by your private
> > surgeon to a private hospital that he/she has a significant interest in,
> > this happens, and unlike the sharemarket there is no obligation to
declare
> > such an interest. But this is not really relevant.
> >
> > I do note that they are building two new operating theatres and they
will
> > come on line starting next year, they also say they will invest in other
> > ventures they can add value to using the processes and protocols
developed
> > at Wakefield. Three surgeons on the board along with commercial talent,
> one
> > surgeon is full time there, with own research programme on diabetes
> > treatment with gastric stapling surgery and cancer vaccine development,
> > have watched him operate at Wakefield.
> >
> > As far as the risks they discuss go, the infection one is rare I expect
> > they run a tight ship, same as with clinical liability.
> >
> > Recent ROE is 10-11%, with erractic EPS growth, compounded by bonus
issue
> > etc. Guardian Trust have a small stake.
> >
> > A float that looks good as it lets one get exposure to the private
> > healthcare business, although Ryman and Eldercare, give minor exposure
to
> > hospital business, this is much more direct. Calan is only healthcare
> > property, not much exposure to the upside or down side, just own a
> building
> > that drs work in. No public pool though, need to be a FB client to have
a
> > look in.
> >
> >
> >
> >
> >
> >
>
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